Armstrong World Industries Inc. (NYSE: AWI) is 26.88% higher on its value in year-to-date trading and has touched a low of $62.03 and a high of $124.65 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AWI stock was last observed hovering at around $122.79 in the last trading session, with the day’s gains setting it 1.96%.
Currently trading at $124.75, the stock is 2.41% and 13.38% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.84 million and changing 1.60% at the moment leaves the stock 44.87% off its SMA200. AWI registered 79.78% gain for a year compared to 6-month gain of 70.17%. The firm has a 50-day simple moving average (SMA 50) of $4.66 and a 200-day simple moving average (SMA200) of $14.27.
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The stock witnessed a 4.78% loss in the last 1 month and extending the period to 3 months gives it a 26.88%, and is 2.64% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.68% over the week and 1.50% over the month.
Armstrong World Industries Inc. (AWI) has around 3100 employees, a market worth around $5.47B and $1.30B in sales. Current P/E ratio is 24.98 and Fwd P/E is 19.31. Profit margin for the company is 17.28%. Distance from 52-week low is 101.11% and 0.08% from its 52-week high. The company has generated returns on investments over the last 12 months (18.65%).
Armstrong World Industries Inc. quarterly earnings per share for the current quarter are estimated at $1.23 with sales reaching $319.44M over the same period.The EPS is expected to grow by 8.20% this year, but quarterly earnings will post 4.30% year-over-year. Quarterly sales are estimated to grow 3.00% in year-over-year returns.
411 institutions hold shares in Armstrong World Industries Inc. (AWI), with institutional investors hold 114.06% of the company’s shares. The shares outstanding are 43.90M, and float is at 43.27M with Short Float at 2.88%. Institutions hold 112.59% of the Float.
The top institutional shareholder in the company is Capital International Investors with over 4.9 million shares valued at $359.71 million. The investor’s holdings represent 10.95% of the AWI Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 4.19 million shares valued at $308.09 million to account for 9.38% of the shares outstanding. The other top investors are London Company of Virginia, (The) which holds 2.58 million shares representing 5.76% and valued at over $189.37 million, while Gates Capital Management, Inc. holds 4.79% of the shares totaling 2.14 million with a market value of $157.29 million.
Armstrong World Industries Inc. (AWI) Insider Activity
The most recent transaction is an insider sale by Grizzle Victor, the company’s CEO. SEC filings show that Grizzle Victor sold 22,914 shares of the company’s common stock on Dec 28 ’23 at a price of $99.02 per share for a total of $2.27 million. Following the sale, the insider now owns 0.33 million shares.
